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After strong growth, Adani Group is back on a development spree and wants to spend $90 billion on capex

After strong growth, Adani Group is back on a development spree and wants to spend $90 billion on capex

According to Gautam Adani News, the Adani Group experienced a remarkable 40 percent year-on-year EBITDA growth in the financial year 2023-2024 (FY24), recovering from a market capitalisation hit caused by a short-seller report in late FY23. In FY24, the Adani Group’s EBITDA increased to Rs 660 billion, driven largely by Adani Power, which more than…

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